OneMain (NYSE:OMF) Price Target Lowered to $46.00 at JPMorgan Chase & Co.

OneMain (NYSE:OMF) had its price objective decreased by JPMorgan Chase & Co. from $58.00 to $46.00 in a research note issued to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Several other brokerages also recently commented on OMF. Evercore ISI initiated coverage on OneMain in a research note on Tuesday, March 25th. They set an “in-line” rating and a $58.00 target price for the company. Wells Fargo & Company upped their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Barclays set a $56.00 price target on shares of OneMain in a research note on Friday, March 14th. Finally, Royal Bank of Canada raised their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.17.

OneMain Stock Performance

OMF opened at $39.90 on Tuesday. The business’s 50-day simple moving average is $51.19 and its 200 day simple moving average is $51.84. OneMain has a 52-week low of $38.00 and a 52-week high of $58.90. The firm has a market capitalization of $4.76 billion, a PE ratio of 9.41, a PEG ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 10.43%. OneMain’s dividend payout ratio (DPR) is 98.11%.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneMain

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in OneMain by 14,167.2% in the 1st quarter. GAMMA Investing LLC now owns 49,222 shares of the financial services provider’s stock worth $2,406,000 after purchasing an additional 48,877 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of OneMain by 46.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,122 shares of the financial services provider’s stock valued at $684,000 after acquiring an additional 4,140 shares during the period. Integrated Advisors Network LLC purchased a new position in OneMain during the fourth quarter valued at approximately $221,000. Ascent Group LLC bought a new stake in OneMain during the 4th quarter worth approximately $228,000. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in OneMain by 86.4% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 151,000 shares of the financial services provider’s stock valued at $7,872,000 after purchasing an additional 70,000 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.